For saleMulti-family
$296,000
3544 Stevens Ave
Minneapolis MN 55408
3 beds, 2 baths, 2,180 sqft
3544 Stevens Ave is a 3 beds, 2 baths, 2,180 sqft multi-family home for sale at $296,000 in Minneapolis MN 55408. At 20% down it rents for an estimated $3,000/mo and returns $887/mo a month at a 10.3% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $3,000/mo
- Monthly cash flow
- $887/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 18.0%
- Max offer
- $296,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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